Hangzhou Robam Appliances Co (SZSE:002508) Receivables Turnover : 1.29 (As of Mar. 2024)

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What is Hangzhou Robam Appliances Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Hangzhou Robam Appliances Co's Revenue for the three months ended in Mar. 2024 was ¥2,237 Mil. Hangzhou Robam Appliances Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥1,730 Mil. Hence, Hangzhou Robam Appliances Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.29.

Hangzhou Robam Appliances Co Receivables Turnover Historical Data

The historical data trend for Hangzhou Robam Appliances Co's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hangzhou Robam Appliances Co Receivables Turnover Chart

Hangzhou Robam Appliances Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

13.24

9.38

7.79

6.25

6.40

Hangzhou Robam Appliances Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.32	1.62	1.69	1.82	1.29

Competitive Comparison of Hangzhou Robam Appliances Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Hangzhou Robam Appliances Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hangzhou Robam Appliances Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hangzhou Robam Appliances Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hangzhou Robam Appliances Co's Receivables Turnover falls into.

Hangzhou Robam Appliances Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Hangzhou Robam Appliances Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	11201.896	/ (	(1689.607	+	1810.016)	/	2 )
=	11201.896	/	1749.8115
=	6.40

Hangzhou Robam Appliances Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2237.195	/ (	(1810.016	+	1649.352)	/	2 )
=	2237.195	/	1729.684
=	1.29

Hangzhou Robam Appliances Co (SZSE:002508) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Hangzhou Robam Appliances Co Receivables Turnover Related Terms

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Hangzhou Robam Appliances Co (SZSE:002508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hangzhou Robam Appliances Co Ltd (SZSE:002508) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

592 Linping Road, Yuhang Economic Development Zone, Zhejiang Province, Yuhang District, Hangzhou, CHN, 311100

Website

https://www.robam.com

Hangzhou Robam Appliances Co Ltd is a China based company developing manufacturing and selling household electrical kitchen appliances in China. Some of its products include hood, stove, utensil, disinfection cabinet, electric oven, dishwasher and among others. The company earns majority of its revenue from sale of electrical kitchen appliances.

Executives

Ren Luo Zhong	Director
Zhang Song Nian	Supervisors
Zhao Ji Hong	Director
Zhang Lin Yong	Supervisors
Ren Fu Jia	Directors, executives
Shen Guo Liang	Director
Tang Gen Quan	Supervisors
Ren Jian Hua	Director
Zhang Guo Fu	Executives
Xia Zhi Ming	Executives
Chen Wei	Supervisors
Shen Yue Ming	Supervisors
Shen Ping Ping	Securities Affairs Representative
He Ya Dong	Executives
Wang Gang	Directors, Directors, and Executives

Hangzhou Robam Appliances Co (SZSE:002508) Headlines

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